Nigeria: IFC and DfID partner for off-grid solar
Issue 332
- 14 Oct 2016
| 1 minute read
The World Bank Group’s International Finance Corporation (IFC) and the UK’s Department for International Development (DfID) launched a new programme in September to encourage the use of off-grid and embedded solar photovoltaic technology at commercial and industrial complexes. The scheme, called the Off-Grid and Embedded Solar Market Development and Finance Programme in Nigeria, will receive $30-$50m from the IFC’s own account for investments alongside local financial institutions, IFC spokesperson Ejura Audu told African Energy. DfID is providing $8m of concessional funding to create incentives to stimulate the market and $3m for operational and technical assistance
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